US Dollar Price Action Setups: AUD/USD, DXY, NZD/USD, USD/CAD
2021-02-16 03:00:00
Daniel Moss,
Analyst
US Dollar, DXY, AUD/USD, NZD/USD, USD/CAD – Talking Points:
Time-cycle analysis suggests the US Dollar is poised to significantly underperform its major counterparts in the medium to long term.
Golden cross moving average formations hint at extended gains for AUD/USD, NZD/USD.
USD/CAD poised to sink even lower as price continues to track within a Descending Channel.
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As mentioned in previous report, the haven-associated US Dollar may continue to lose ground against its major counterparts, as long-term price analysis suggests a cyclical downturn is in the offing.